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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue          
Total revenue $ 605 $ 1,229,981 $ 1,366,417 $ 14,402,329 $ 25,116,139
Cost of revenues 126 123 654,979 729,752
Gross profit 605 1,229,855 1,366,294 13,747,350 24,386,387
Operating expenses          
Selling and marketing expenses 10,534 43,290 100,460 576,526 371,383
General and administrative expenses 862,015 1,159,696 1,893,499 11,664,394 3,169,855
Research & Development Expense     3,512,512 92,683
Donation expenses     148,108
Total Operating expenses 872,549 1,202,986 1,993,959 15,753,432 3,782,029
(Loss) income from operations (871,944) 26,869 (627,665) (2,006,082) 20,604,358
Other income (expenses)          
Interest income on bank deposit 14 537 666 16,182 13,600
Loss on disposal of a subsidiary       (2,062,155)
Other expenses     (5,611,484) (510,200) (7,058)
Other income (expenses), net 50,000 (4,550,501)      
Interest income from loans to third parties 181,000 2,039,884 2,191,631 6,465,042 4,070,600
Impairment loss on loans to third parties and property and equipment     (57,941,663) (7,423,651)
Reversal of impairment (Impairment loss) on loans to third parties 687 (51,563,170)      
Total other (expenses) income, net 231,701 (54,073,250) (61,360,850) (3,514,782) 4,077,142
(Loss) Income before income tax expenses (640,243) (54,046,381) (61,988,515) (5,520,864) 24,681,499
Income tax (benefit) expenses 1,834,911 7,243 (1,702,127) 633,315
Net (loss) income (640,243) (55,881,292) (61,995,758) (3,818,737) 24,048,184
Other comprehensive (loss) income          
Foreign currency translation (loss) gain 25,125 490,485 (365,258) (2,415,919) 2,382,488
Comprehensive (loss) Income $ (615,118) $ (55,390,807) $ (62,361,016) $ (6,234,656) $ 26,430,672
Weighted average number of shares, basic and diluted [1]     4,422,837 4,422,837 4,176,141
Basic and diluted (loss) earnings per share     $ (14.02) $ (0.85) $ 5.758
Weighted average number of shares: Basic 4,662,656 4,422,837      
Weighted average number of shares: Diluted 4,662,656 4,422,837      
Earnings per share: Basic $ (0.137) $ (12.634)      
Earnings per share: Diluted $ (0.137) $ (12.634)      
Third Parties [Member]          
Revenue          
Total revenue     $ 1,366,417 $ 14,402,329 $ 25,116,139
Related Parties [Member]          
Revenue          
Total revenue    
International Corporate Financing Advisory [Member]          
Revenue          
Total revenue $ 424,928      
Factoring Services [Member]          
Revenue          
Total revenue $ 605 $ 805,053      
[1] The computation of basic and diluted share and EPS data should be adjusted retroactively for all period presented to reflect the 5 to 1 reverse stock split change which was effective on October 29, 2020.